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Biman Bangladesh orders 10 Airbus A350s

BusinessTags: Print EditionBiman Bangladesh is close on a deal to buy 10 Airbus A350s, Mahbub Ali, the country’s junior minister for civil aviation, told press agency Reuters. The state-owned airline operates a full Boeing fleet and some De…

CSE declares market holiday on June 30

BusinessTags: Print EditionThe Colombo Stock Exchange (CSE) has informed that June 30, 2023 has been declared as a Market Holiday. This is in view of June 30, 2023 (Friday) being declared as a Special Bank Holiday, by Prime Minister Dinesh…

CEAT Kelani debuts locally-made truck bus radial for transport sector

BusinessTags: Print EditionA new high-performance premium commercial vehicle tyre has begun rolling off the production line at CEAT Kelani Holdings, one of Sri Lanka’s largest manufacturer of pneumatic tyres. The CEAT Winmile X3 AW is a…

Fcode Labs aims at expanding business to European countries

BusinessCo-CEO Tharindu Malawaraarachchi and Co-CEO Buddhishan ManamperiTags: Print EditionA delegation from Fcode Labs, a leading software engineering company, recently visited several European countries with the aim of expanding their…

“Colombo to be transformed in to Heritage City”

Iconic 80 Club re-opens with Rs. 411 mn investmentBusinessShirajiv SirimaneUDA Chairman Nimesh Herath with Waters Edge Chairman Malith Perera at the opening.Tags: Print EditionAs a part of the ongoing effort to convert Colombo into a…

Indian Travel Agents to gather in Colombo

BusinessTags: Print EditionThe Travel Agents Association of India (TAAI) will host its 2023 Convention in Colombo, Sri Lanka from July 6-9. The Sri Lanka Tourism Promotion Bureau (SLTPB) has extended the invitation for this event. The 67th…

Adopt price mechanism for pharmaceuticals -SLCPI

BusinessFizel JabirSLCPI President Prathaban Mylvaganam. Picture by Wimal Karunathillaka.Tags: Print EditionThe Pharmaceutical Industry is not against price reduction but as per the National Medicines Regulatory Authority (NMRA) Act there…

Tax changes help capital expenditure but may hurt working capital – CMA

BusinessSulaiman NishtarTags: Print EditionThe Certified Management Accountants of Sri Lanka (CMA) noted that recent changes passed to the tax landscape were beneficial to long-term capital expenditure but may be harmful to the working…

“New mechanism, tools to address financial burdens of pharmaceutical sector”

Pricing committee to work out permanent solutionBusinessFizel JabirHealth Minister Keheliya Rambukwella and Indian High Commissioner Gopal Baglay arriving at the event. Picture by Wimal Karunatilake.Tags: Print EditionThe government has…